Fetch.AI HTF Fetch.ai soon to be ASI (Artificial super intelligence) after the merger with Singularity (AGIX) and Ocean protocol (OCEAN) has been a victim of the recent altcoin market drawdown. As on of the leading projects in the AI space, FET surged to a high of $3.47, since then price has been retracing back down the range created by the rally previously.
BEARISH: Now back at range low FET finds itself in a key area where the bearish trend can continue, break below range and continue to fall. This would be mostly influenced by a further sell off in BTC as alts are still at the mercy of Bitcoin. Should BTC continue to reject the '21 ATH and 4H 200EMA levels then price will naturally search for buyers with conviction. This chop has already been devastating to the altcoin market without a big flush. So this outcome is not improbable.
BULLISH: On the bullish side we have a very good R;R HTF entry level at range lows, in addition to a fully reset RSI in the oversold area compounded with a very bullish divergence being shown on the High timeframes. All three of these conditions add up to a high probability entry IF BTC behaves. Naturally if BTC decides to sell off then so will altcoins and FET is no exception. However, in this probability game this setup is one of the better LONG setups you could ask for. Couple that with the AI narrative and good fundamentals this looks bullish.
ATH
Is it the BOTTOM for BTC and are we Ready for a Rally?BTC underwent a serious correction, which is far from OVER in LONG TERM view. However, as per my EW count, I think we are ready for a rally, even to a NEW ATH. Current EW Count was closely monitored for few weeks and updated accordingly, Further, I personally believe, we are Ready for a MINI ALT COIN SEASON to complete the market cycle in most of the ALTs.
Be Prepared, By any means, this is NOT a Financial Advice. Please do your OWN research prior any ENTRY or INVESTMENT.
Peace Out.
SpiralX
24/06/24 Weekly outlookLast weeks high: $67,290.83
Last weeks low: $62,212.60
Midpoint: $65,251.72
Despite the seemingly endless chop, last week was a very interesting one for BTC. Micro strategy added ~$800 worth of Bitcoin to their balance sheet, putting them at 226,000BTC, just over 1% of the entire BTC supply that will ever exist! In relation to microstrategy, Michael Dell has been sending some cryptic tweets reacting to the news that Saylor has added even more to their balance sheet. “Scarcity creates value” was his response. With the news that Dell is potentially buying or looking to buy Bitcoin it’s strange that BTC has dropped in price overall with overall sentiment in the space being very negative.
As we continue to slowly sell off and alt oins continue to get destroyed in both their stable and BTC pairs, I would like to see a clear capitulation wick with obvious strength on the bounce. It’s hard to say at what level that will come to, many are calling for GETTEX:52K which is a clear Bullish OB+, so it could be there however that would be devastating for all alt coins and may/probably have a bearish effect on the launch of the ETH ETF which is coming in the near future, 1/2 weeks.
For this week it’s purely about survival and looking for signs of capitulation, max fear and showing of strength following any potential sell offs. A slow bleed down within a range is very hard to catch the bottom but it would be better to see clear signs of reversal.
17/06/24 Weekly outlookLast weeks high: $70,207.85
Last weeks low: $65,079.20
Midpoint: $7,643.52
Bitcoin over the last week is in a clear downtrend, despite midweek volatility caused by the CPI & FOMC news events. The results of those news events overall were positive and we saw the reaction of that with a move from 0.25 level to range high. Yet price rejected yet again from the '21 ATH / range high levels before printing Lower highs and Lower lows making BTC LTF bearish.
Altcoins are being destroyed during this chop, clear downtrends sub 4H 200EMA and a lot are retesting their 1D 200EMA levels for the first time in months. Only a handful of well performing exceptions are surviving but even they are running out of steam e.g. LSE:ONDO , LSE:TON , $JASMY.
I think I could see a sweep of the previous weeks low, before we see any sort of rebound and aim for MIDPOINT. The 4H 200EMA is sat at just below MIDPOINT and so there is huge resistance there, a rejection of that level continues the LTF downtrend.
This week I am continuing to monitor the Bullish Divergences that are appearing on the 4H & 1D and looking for any clear reversal in trend direction. For now I cannot see what catalyst would be responsible for turning this price action bullish, but that is what my focus is on, until then this is a no trade environment in my opinion.
SUN Price prediction 2024 - SUN IS GOING TO SHINE AND $0,07 SUN Price Prediction 2024 - Will SUN Shine Bright?
Based on our analysis, SUN could reach an exciting target of $0.07 by the end of this year.
Current Trends
At the start of the year, SUN's trend looks promising and different from previous years. This isn't just about a percentage increase but also about its overall development.
Year 2023 was a red year and 100% not sumllair as the trends of this year.
The year 2024 already made some start trends also to see on chart.
What’s Next for SUN?
We’re keeping a close eye on SUN because it has shown some very interesting movements recently. For 2024, there are several possible targets:
$0.021
$0.025
$0.035
$0.047
The most optimistic target is $0.07, which would be up to a new all-time high (ATH).
Note
Always do your own research. This is not trading advice. The market can be unpredictable.
The market can go for a time stable, it's about the year 2024 this is not short-term update.
$TOTAL Cup & Handle formingAlthough we could zoom out and literally write a book of CRYPTOCAP:TOTAL technical analysis, let´s start with this 12 hour time frame
In green, a Cup & Handle formation, that WILL TAKE US ABOVE ALL-TIMES-HIGH cryptomarket cap
The ATH marketcap is marked on the purple horizontal lines (2,9 to 3,0 trillion) and the C&H targets are marked with the purple arrows, left is most otimistic, right pessimistic
Is important to say price is on a little triangle formed by yearly long support (big blue dotted diagonal line) and yearly fib circle resistence (continuous red thin line0)
This triangle can still break low to find the support on the thick green 200 EMA line and others yearly supports
As we are on a region with a lot of multi year support, guess what? Break up is a matter of time; I´ll give approximately 4 weeks to this setup completion (marked with red flag and another confluence with the next multi year long fib circle)
BTCUSDT | New ATH Incoming?🚀 Are we on the brink of a new all-time high for Bitcoin? All signs point to yes, and I need to be in on this action!
Breakout Alert
Yesterday, we broke the trendline of a forming bull flag on the daily chart. This classic pattern break could be signaling a massive move upwards!
Targets
While my exact target is still undecided, there's a ton of liquidity at $72k. Breaking through this could propel the price to an eye-popping $90k without a doubt!
This setup is too exciting to miss. Let’s see how this plays out!
10/06/24 Weekly outlookLast weeks high: $71,199.84
Last weeks low: $67,611.61
Midpoint: $69,801.22
Chop, chop and some more chop for Bitcoin. A steady a climb for BTC last week from range lows made at the beginning of the week with a high just shy of $72K before freefalling to the 0.25 line which coincides with the '21 ATH level l, and a bounce back up to the midpoint which is currently LTF resistance.
The altcoin market is looking in pretty rough shape in comparison to BTC, many have halved since their highs and are now retesting their 1D 200EMA's for support. In a Bullrun you'd expect these levels to hold and can offer great Long entries, I'd like to see BTC show strength above the '21 ATH because if we see another drop below alts will follow and once below the 1D 200EMA we could be in trouble for a while.
For this week I am looking at potential alt longs at the 1D 200EMA levels but being very aware of Bitcoins price. No trade if BTC is below SWB:69K as that would be yet another failed ATH run, and would look to target lower down in the chop range.
CPI & FOMC JUNE 12th Massive day for BTC, crypto and the broader markets as CPI and FOMC take place in a time where BTC has taken a dive back towards the range MIDPOINT.
Both CPI & FOMC are forecast to be non movers, with 3.4% and 5.5% respectively. Last month CPI was the catalyst for the move from 0.25 to range high, however some of that hard work has been undone in recent days.
I would like to see the same kind of move but this time from the MIDPOINT which often provides a better starting point to a move. What we don't want to see if BTC is to keep bullish HTF momentum is lingering around the midpoint level with a view to target range lows yet again. Buyers need to come in fast before momentum is lost.
With sentiment so low but price constantly knocking at the door of ATH, ETF's being approved leading to institutional investment, mining rewards halved and a US election on the way this year. Big things are about to happen in the world of cryptocurrency and Bitcoin is the one leading the charge as it so often does.
Be greedy when others are fearful springs to mind. There is definitely fear in the market and its participants, The chart once you zoom out does not give me reason to be fearful just yet, this is a Bullrun and dips like these can be turned into wins.
LOW CAP GEMS - DIMITRA (DMTR)In this series I will be breaking down and analysing projects that are <$100m in market capitalisation (at time of post).
- PROJECT OVERVIEW
Dimitra Incorporated is a global Agtech company with a mission to help smallholder farmers across the world. Operating on the Ethereum blockchain, the name derives from Demeter, the Greek Goddess of the harvest and agriculture. Dimitra works with governments, government agencies, NGOs, and for-profit organizations. The Dimitra platform is built on blockchain technology and incorporates mobile technology, machine learning, IoT devices, satellite and drone imagery, genomics, and advanced farming research. Through our data driven approach, Dimitra helps farmers increase yields, reduces expenses, and mitigates risk. Dimitra believes that every smallholder farmer, regardless of economic standing, should benefit from simple, beautiful, and useful technology. With 100K+ users currently and growing it's the largest cryptocurrency to deal with agriculture of it's kind.
- ROADMAP
Dimitra has ambitious and impactful goals. The goal is to grow our platform to 100 million smallholder farmer users within the next 4-years. They already have agreements in place with 8 countries but there is a long way to go to reach their goal.
- TEAM
Dimitra has 123 team members in total including CEO and Founder Jon Trask. He is the winner of the 2023 Government Blockchain Association Annual Achievement Award in the “Social Impact” Category!
- PARTNERSHIPS
Global projects operating in 14+ countries with partners in 68 countries.
In terms of exhange listings they are partnered with one tier-1 exchange in Kucoin, as well as Gate.IO, BitMart, Bittrex, Uniswap and more. However, they are not listed on Binance or Coinbase, once this does happen it will open up the opportunity for a much larger population of potential buyers.
- PRICE TARGETS
It's easy for people to throw outlandish price targets out there in the world of crypto without much reference to how they got to that conclusion. I prefer to compare Market Caps in order to derive token prices.
Looking back at the previous Bullrun, alts hit very high MarketCaps before falling back to 'fair value'. For this I'll use current MCap and Bullrun MCap for a guide, DMTR is currently #484' on MCap:
- Oraichain (ORAI) #343
Price target: $0.35 (2.1x)
- PAAL AI (PAAL) #226
Price target: $0.49 (x2.95)
-Ocean protocol (OCEAN) #135
Price target: $1.05 (x6.24)
- Fetch.ai (FET) #51
Price target: $4.43 (x26.33)
- Cardano (ADA) #10
Price target: $33.74 (x197.65)
I've used other AI projects and a top 10 crypto to show how DMTR could move up the leaderboard and what that would mean for token price.
- SUMMARY
Dimitra is an exciting project with genuine real world value, aiming to tackle a very important problem we have on this planet and that's providing Food to the increasing population of earth. The tokenomics could be better as there is only 41% circulating supply, however with a growing interest by large entities such as BlackRock for RWA's and AI projects we could see a considerable investment in a project like DMTR in the future. Having broken out of a multiyear accumulation phase recently I think DMTR will be a very strong performer
- RATING
8/10
- SOURCES/b]
dimitra.io
coinmarketcap.com
marketcapof.com
INJECTIVE Head and Shoulders Just a quick trade set up that could be a good LONG to take. Price looks to have printed an inverse Head and Shoulders which looks like a bullish reversal.
Along with the Bullish inverse Head and Shoulders INJ broke the bearish diagonal trendline with a strong retest as new support and consistent higher lows being posted.
Using a price forecast that is a mirrored copy of the move down I think that if BTC behaves we should see something similar with incremental take profit points on the way up.
Clear invalidation is a clean break below the head of the Head and Shoulders pattern.
ETH Bullish Pennant | ETF approval confluence | Target: 2021 ATHNot Financial Advice
TL;DR Bullish Pennant on BINANCE:ETHUSDT daily chart, upwards breakout target would be very close to 2021 ATH. SEC approval of VanEck ETF (final deadline on May 23) could be a major catalyst.
A rare case of (potential) technical and fundamental confluence:
ETH has been building a Bullish Pennant since the end of the Feb 5 - Mar 12 rally
The retest of the multi-month support in place since October 2023 might signal that the bottom is in
The final deadline for SEC's approval of VanEck's ETH ETF lines up almost perfectly with the convergence between the pennant's resistance and the multi-month support
Interestingly enough, the target for an upwards breakout of the pennant around VanEck's approval deadline would be very close to the 2021 ATH
03/06/24 Weekly outlookLast weeks high: $70,741.40
Last weeks low: $68.714.79
Midpoint: $66,688.18
As we enter the Midway point in the calendar year BTC finds itself continuing to battle its '21 ATH. For many weeks now we've seen this key S/R level flipping from support to resistance and vice versa, will we finally see a breakout move above this week?
Although for the last few weeks the general attention has been focused on the ETH ETF, now that that is over and had a bullish turnout the market is looking for BTC to lead the way. Price is now above the 4H 200EMA, Post-halving supply shock effecting tokenomics positively in terms of supply and demand and currently breaking down the previous cycles high. Given all that in mind I think the patient will be rewarded as I think when BTC does get a clear run, most likely when Greyscale stop selling at a rate that causes outflows to overcome inflows. Top buyers sell pressure is relieved as holders who were underwater all bear market sell their positions and give way to buyers with high conviction. Then we will see BTC target $80K, only a matter of time.
This week I am focusing on BTC strength and signs of a breakout, I would say that once BTC breaks out, ETH will break above $4K and target ATH @ $4.8K. Things to look out for is any US news that could effect the markets; law making, Veto's etc.
Hopefully you had a good first half of 2024 and good luck for the second half!!
BTCUSD - New heavens ?I said 2 things earlier but I changed my mind a bit
- the first thing was that I wanted to wait on Monday to do a new post because of the geopolitical situation and the halving, what happened last night convinced me that the floor was here (of course I can be 100% wrong)
- second thing is that from my last post, I said we could chill some months because nothing would happen, it still can be true but the situation looks familiar and this rebound just before the halving is kinda interesting, also summer is only in 2 months.
So, for the little time frame, we are sitting under the 1H 200MA which is about to likely be break (or maybe is already it took me times to write this)
I'm saying this situation looks familiar because the floor at the 0.786 fib which has been made during the past month is very similar to the one from Jan 2021 to June 2021(maybe not on the daily but if you zoom in you'll see it maybe)
You can note the big uptrend going on after this, not saying that we will see the same but from that pattern recognition, and knowing that it works well here, I think we're heading to the new ATH : 100K, a big psychological resistance + a line resistance made from the past highs in 2021
Also this is interesting to notice that this new floor is at the past first ATH made in March 2021
Till this new ATH I don't really see any other paths that could happen (or maybe I refuse to see them, also I don't know about the time it will make)
But then, here are the 2 scenarios I drew :
- Pink : We go super fast too 125k, 20% retrace rule to 100K while chilling during the summer and we go back to new highs from fall 2024/January 2025
- Green : We go a bit slower doing a retrace of 20% at 100 and 125K (or, in this scenario, not doing at retrace at 125K is possible)
I think those 125K and 100K are very important levels (that still can be drilled tho) for several reasons, the most important one is about the patterns BTC did the past cycles.
Concerning this pattern, it is very likely that we are going to go up till the beginning of Summer, then we might see some months of sunny holidays to retrace and we will be back for 1 year of this famous bull run that might start mid fall 2024/early January 2025
Cheers good luck,
Bitcoin faces resistance: A battle for All-Time HighsCurrently, Bitcoin is facing several resistances prior to its attempt to reach all-time highs (ATH). A correction has started from the first resistance level, which could lead its price down to $63,000.
It won’t be easy to break through its ATH because there’s a significant amount of money waiting at those resistance levels, ready to exit.
Therefore, Bitcoin needs a catalyst to provide the strength to surpass these resistances and enter into a bull run.
27/05/24 Weekly outlookLast weeks high: $71,999.47
Last weeks low: $69,028.57
Midpoint: $66,057.66
After a historical week for the crypto space with the ETH ETF approval has meant that BTC has taken somewhat of a backseat. Currently battling with the '21 ATH at SWB:69K while ETH is beginning to pic up strength in the ETH/BTC pair and take volume away from Bitcoin.
Ethereum has been a relatively slow mover in comparison to some of the rest of the altcoin market. However, now that the ETFs are approved and it is to be expected that ETH will have huge Inflows just as BTC did with a >50% increase since approval. All this means that I could see BTC fighting the '21 ATH for sometime while the altcoin market and mostly ETH will take the spotlight for the next week at least.
SWB:69K lines up well with the weekly range Midpoint and that's the key battle for BTC, so far this Bullrun we've seen BTC lead the way generally, could it be time for ETH to take over?
This week I think ETH and ETH beta plays (OP, ARB, LDO, METIS etc) are the ones to watch, I would be cautious when it comes to Longing ETH blindly at this level, yes the massive demand increase will help price rise but as we saw with BTC after ETF approval, price did drop 18% over two weeks post approval. I'm not saying this will definitely happen with ETH, so far despite an initial 10% whipsaw price has stayed generally the same with a slight move up, however It is worth noting.